The Central Bank of Nigeria has released a total of N610.4bn to the banks for farmers under the Commercial Agricultural Credit Scheme.

The CBN disclosed this in its economic report for the third quarter report on the performance of the CACS.

Part of the report read, “At end-September 2019, the total amount released since inception by the CBN under the Commercial Agriculture Credit Scheme to the participating banks for disbursement amounted to N610.4bn for 593 projects, while total amount repaid since inception stood at N368bn at end-June 2019, compared with N338.4bn.”

This article originally appeared on Punch